investor-owned utilities News

California’s Gov. Newsom Had ‘Baptism by Fire’ in 1st Year

SACRAMENTO, Calif. — During his inaugural address last January, California Gov. Gavin Newsom made only a passing reference to wildfires and never mentioned the state’s largest utility, Pacific Gas & Electric. Both soon became inescapable topics. PG&E filed for bankruptcy …

PG&E Lines Tied to Deadliest California Fire in State Report

California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the …

PG&E Caps Best Day Since Going Bankrupt on a California Fire Fix

Utility giant PG&E Corp. capped its best day since going bankrupt in January thanks to California’s governor. Gavin Newsom called on lawmakers on Friday to find a way to help the state’s utilities cover the costs of devastating wildfires — …